Development of online commerce, which allows sellers to significantly save money, is encouraging companies to close their physical stores. As a result, more than 7 thousand points of sales were closed over the first half of the year in the USA, and by the end of the year this figure could be twice...

The issue of the ban on American companies on selling anything to the Chinese tech company Huawei Technologies Co Ltd will be discussed between the executives from semiconductor and software companies and the White House economic adviser Larry Kudlow, according to reports quoting sources with...

Analysts issued grim indications of "never seen before" hike in prices of memory chips with the prices rising for the first time this year. This is driven by the fears of a supply disruption in the industry because of a trade related dispute between Japan and South Korea.   There has been a...

The San Diego, California, United States based chip making giant Qualcomm was handed over a second antitrust penalty by the European Commission. The largest chip maker of the world was slapped a fine of 242 million euros or $272 million by the European antitrust regulator over a case that dates...

The net profit of the world's largest online auction site eBay declined in the first half of the year by 12.3% in annual terms to $ 920 million, the company said. Diluted EPS was $ 1.04 versus $ 1.03 a year earlier. Revenues increased by 2.1% to $ 5.33 billion in the period of January to June. At...

There was a significant 7.9 per cent drop in the sale of new cars in Europe in June and the decline was led by drop in sale of Nissan, Volvo, Honda and Fiat Chrysler Automobiles.   According to data that is available from the industry association ACEA which was published on Wednesday,...

After a slight increase in May, car sales in Europe showed a fall of 7.8%. This is a record decline since December last year. According to the European Automobile Manufacturers Association (ACEA), 1,446,183 vehicles were sold in the EU in June. The association explained this fall mainly by the fact...

Facebook would be waiting till it gets clearances and approval from regulatory authorities before it would launch and roll out its planned and announced digital currency Libra according to a statement issued by David Marcus, the company’s head of Calibra, the subsidiary of the social media company...

An uptick in its first quarter sale was reported by the British luxury brand Burberry following an turnaround strategy of the brand which entailed moving to the stores some of the new designs that were made by its creative chief Riccardo Tisci.   It has been more than a year since the...